The Global Retinal Detachment Market is growing moderately and is expected to continue its
growth during the forecast period. Global Retinal Detachment Market is expected to grow at
the CAGR of ~5.9% during the forecast period and is estimated to reach USD 2689.2 million
by 2023.
Retinal detachment occurs when the light-sensitive membrane (retina) in the back of the
eye separates from its supporting layers. Most of the retinal detachments occurs due to
retinal break, tear or hole. Retinal detachment can cause partial or total blindness,
depending upon how much of the retina is detached. Retinal detachment is sever medical
condition and medical emergency. Early diagnosis and treatment is very important to cure
retinal detachment. Some of the common symptoms of retinal detachment are partial vision
loss, blurred vision, suddenly seeing many floaters, and others. Retinal detachment can
affect people of any age but it is more common in older adults aged from 60-70.
The prevalence of retinal detachment is increasing. The average number of detachment
incidence is 10-15 per 100,000 people. There is about 7,300 new cases of retinal
detachment noted in the UK every year. The prevalence is more in people of Jewish descent
while this medical condition is less common in patients of African origin. Changing
technology is another important factor for the market growth. Introduction and rapid
adoption of technologically advanced products are helping in effective diagnosis and
treatment of retinal detachment. Top players are mainly focusing on advanced product
development by investing large amount of money in R&D for new product development as
well as improvement of existing products. High income regions like North America and
Europe are the top revenue making markets for most of the players but due to rapidly
changing healthcare sector and increasing healthcare expenditure, these players are
expecting rapid increase in sales in this markets. Increasing awareness of this disorder and
available treatments are also important factor for market growth. Government initiatives to
improve public health and extended insurance cover are leading the market growth.
Hospitals are adopting new medical devices for effective diagnosis and treatment
management as well as they are also working on various new treatments to cure retinal
detachment.
Key players for global Retinal detachment market:
Carl Zeiss Meditec, Inc. (US), Centervue SpA (Italy), Co:Lab Pensacola (US), Eyenuk Inc
(US), Imagine Eyes (France), HealPros, LLC (US), NEUROVISION IMAGING, LLC . (US),
Optos (UK), Peek Vision Ltd. (UK), and others.
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